INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Saudi non-oil exports increase by 17.8 percent in second quarter

Riyadh, Saudi Arabia -- Saudi Arabia’s non-oil exports rose by 17.8 percent in the second quarter of 2025, according to...

Economy

ATP and Saudi Arabia’s PIF launch new tennis tech platform

NEW YORK and RIYADH — The ATP Tour, in a landmark partnership with the Public Investment Fund (PIF), has unveiled...

Geostrategy
Business

Prominent firms in DIFC to tap into wealth across region

DUBAI, UAE -  Over 300 prominent wealth and asset management (WAM) firms have established themselves in Dubai International Financial Center...
  • The financial center's 300 wealth and asset management firms should help in providing a conducive environment for businesses in the region.
  • DIFC's world-class legal and regulatory framework and access to competitive markets have bolstered the depth of its asset management ecosystem.
Business

Abu Dhabi sees 40 percent drop in labor dispute cases

ABU DHABI, UAE - Labor disputes in Abu Dhabi plunged by 40 percent in 2022 compared to the same period...
  • The companies and individuals' increased awareness of laws in force in the country played a key role in the results, official said.
  • The Abu Dhabi Judicial Department ran multiple campaigns to enhance the knowledge of workers' rights under UAE's labor laws.
Business

DMCC posts record Q1 growth as 708 firms register

A total of 3049 new companies joined DMCC in 2022.
  • This is DMCC's best performance in Q1 since its inauguration in 2002, marking a 8.4% increase year-on-year.
  • The best performing sectors for DMCC was its traditional core markets, which showed strong results in businesses from various countries.
Arts & Culture

UAE highlights ways to enhance education system at UK meet

DUBAI, UAE - A UAE group highlighted its technological programs and initiatives aimed at boosting the educational system and reviewed...
  • The UAE emphasized the significance of the event to explore the future of EdTech and ways to benefit from its applications.
  • It has launched initiatives that attract international academic expertise to improve the integrated educational model.
Science

Dubai Chamber reviews software development, Artificial Intelligence sector

DUBAI, UAE - Dubai Chamber of Digital Economy highlighted software development and artificial intelligence (AI) industry in its 10th session...
  • Various executives, business leaders and experts of the digital industry discussed at length the challenges and opportunities present in the sector
  • Dubai aims to become a top destination for global digital investment and tech talent and is attracting software development professionals,
Economy

Miami to host next edition of Global Priority Summit in 2024

According to FII CEO Richard Attias, the report on the Global Priority Summit will be ready by October 2023, and...
  • The summit emphasized the significance of motivation and collaborative efforts as crucial factors for the achievement of Saudi Arabia's Vision 2030
  • The FII CEO Richard Attias noted that what made the global conversation at the Miami Summit remarkable was that all speakers mentioned Saudi Arabia as a standard model
Science

WTO 2023 to put spotlight on trade role in sustainable future

GENEVA, SWITZERLAND - The WTO’s annual Public Forum 2023 will focus this year on how trade can contribute to a...
  • The Forum will examine in particular how the services sector, digitalization and inclusive trade policies can support global environmental goals.
  • Sessions at the Public Forum are organized by representatives from civil society, academia, business, government and international organizations.
Business

UAE, Costa Rica start talks to form economic partnership agreement

UAE minister said that the emirates will continue its efforts to build partnerships with strategic global markets under the country’s...
  • The trade and investment exchanges between the two countries continue to grow as the non-oil trade reached $58.7 million in 2022
  • The UAE’s investments in Costa Rica span sectors such as IT, tourism, retail, advertising, media, real estate, renewable energy, air transport, and logistics.
Geostrategy

UAE launches National Genome Strategy for healthcare efficiency

Genome programs will also help create new economic opportunities in the UAE by attracting partnerships in fields such as artificial...
  • The strategy will also support doctors in taking proactive steps to reduce the prevalence of certain diseases, enable early intervention.
  • UAE aims to collect one million whole genome sequencing data samples nationwide, said Sara bint Yousef Al Amiri, Secretary-General of the Emirates Genome Council.
Economy

AI partnership to boost Abu Dhabi sustainability efforts

Abu Dhabi, UAE - The Technology Innovation Institute (TII) said Monday its AI and Digital Science Research Center (AIDRC) has...
  • The Technology Innovation Institute's AI and Digital Science Research Center will partner with Mohamed bin Zayed University of Artificial Intelligence.
  • Over a period of three years, the researchers will work on developing advanced AI models for cybersecurity and smart city applications.

Saudi non-oil exports increase by 17.8 percent in second quarter

Riyadh, Saudi Arabia -- Saudi Arabia’s non-oil exports rose by 17.8 percent in the second quarter of 2025, according to...
Economy

Company News

ADX partners with FTSE Russell

TAQA to buy AlMansoori

Aldar acquires Spark Security

Taiba gives hotel contract to ACC

Ashok Leyland bags 1,400-bus order

Latest News

Non-oil sectors contribute 50% to Saudi Arabia’s real GDP in 2023

RIYADH, SAUDI ARABIA – Non-oil activities in the Kingdom have achieved a historic milestone, reaching a 50 percent share of...
Economy

UAE, Hungary ink pact to enhance trade, investment ties

ABU DHABI, UAE – The United Arab Emirates and Hungary have signed an economic cooperation agreement aimed at stimulating trade...
Geostrategy

Parkin record-breaking IPO raises $428m

The offer was oversubscribed 165 times for all tranches combined.
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Business

Qatar real estate trading volume amounts to US$382m in February 2024

DOHA, QATAR – The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at...
  • The data of the real estate analytical bulletin revealed that 350 real estate transactions were recorded during the month.
  • The real estate transactions value index recorded a decline of 27 percent. The traded area index recorded a decrease of 18 percent.
Business

Potential investors value Telegram at $30bn, says co-founder Pavel Durov

MOSCOW, RUSSIA – The Telegram is valued by potential investors at more than US$30 billion, the co-founder of the social...
  • The US$30 billion valuation was made by global technology funds in particular, Durov said.
  • The Telegram will consider the sale of a portion of shares to its standing users, the businessman added.
Economy

Situation in Red Sea has a limited impact on food exports so far, says FAO

ROME, ITALY – The situation in the Red Sea has not yet been reflected in the pace of prices for...
  • The decline in the Food Price Index in February 2024 was led by a decrease in the price for cereals and vegetable oils.
  • The route via the Red Sea accounts for slightly more than 10 percent of the global maritime trade volume.